Recording 5-7% gains in October, crude oil prices began the third quarter in a good shape. The key drivers for the rally were geopolitical tensions aided by OPEC/ non-OPEC verbal support for extension of the output cut deal. Whether the strength can sustain in the last two months of the year depends on the demand/supply balancing and other unexpected events across the globe. The front-month Brent crude contract gained +0.77% in the last day of October…
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Crude Oil Rallied 5-7% in October, Wide WTI-Brent Spread Might Encourage US Exports
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